Bitcoin ‘is superior’ to existing payment networks, Strike CEO says

Bitcoin ‘is superior’ to existing payment networks, Strike CEO says

Jack Mallers, founder and CEO of payments application, Strike, believes Bitcoin can bring the first real change to the payments industry since the invention of the credit card.

Trading just above $41,000 as of Tuesday afternoon, down about 2% over the past month, Bitcoin is used primarily as a store of value asset that critics and long-time investors agree trades like risk-on equity, making it much less useful as a medium of exchange than cash.

But Mallers argues that Bitcoin’s underlying…


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